Senior Manager, Payment Risk

Application Deadline:

10/03/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

We are seeking a Senior Manager to join the Payment Risk team at BMO.  This is a key position within the 2nd Line of Defense, which will report to the Head of Payment Risk within the North American Commercial Banking Operational Risk Oversight team.  The Senior Manager, Payment Risk will be responsible for enterprise-wide payment risk reporting and oversight of the regional payment systems and central clearinghouses that BMO belongs to. This position will also work directly with US and Canadian product managers to develop a holistic understanding of their risk profiles and related metrics to ensure appropriate controls are in place. As this is a newer risk discipline, the incumbent should be comfortable working with stakeholders to make key methodology and design decisions, communicate effectively, and meet heightened regulatory expectations in a quickly evolving system.

Membership and/or certifications in payment related associations like Payments Canada, North American Clearinghouse Association (NACHA), Association for Payment Professionals is a plus.

This role based in Toronto; offers very flexible work arrangement; remote, hybrid or in person.

If you’re looking for your next dream job, consider this one in BMO’s Enterprise Risk Group where every colleague helps protect and grow the bank by providing independent review and oversight of enterprise-wide risks, working together to maintain a risk management framework and fostering a strong risk culture.  #ERPMDreamJobs

Provides oversight, monitoring and reporting on operational risks for a designated portfolio. Develops and monitors the operational management framework that includes the governance framework & practices leveraged across BMO to manage operational risks. Provides policies & standards, methodologies and controls that increase transparency, accuracy and consistency across groups. Works with stakeholders to implement the methodology, metrics and program standards for the assigned portfolio to ensure compliance as well as effective monitoring, timely reporting and identification of action plans.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.

• Ensures alignment between values and behaviour that fosters diversity and inclusion.

• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through.

• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders.

• Attracts, retains, and enables the career development of top talent.

• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance.

• Provides strategic input into business decisions as a trusted advisor.

• Makes recommendations to senior leaders on strategy and new initiatives, based on an in-depth understanding of the business/group.

• Acts as a subject matter expert on relevant regulations and policies.

• May network with industry contacts to gain competitive insights and best practices.

• Interprets new regulations and assesses impacts to the governance framework.

• Develops reports on the status of the governance program or framework components to various internal & external stakeholder audiences.

• Influences and negotiates to achieve business objectives.

• Identifies emerging issues and trends to inform decision-making.

• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.

• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.

• Measures the effectiveness of risk governance system and framework; recommends changes as required.

• Conducts independent analysis and assessment to resolve strategic issues.

• Leads the development and maintenance of the governance system and framework.

• Acts as the prime subject matter expert for internal/external stakeholders.

• Represents the model validation program / portfolio for internal/external regulatory audits and/or examinations.

• Ensures alignment between stakeholders.

• Designs and produces regular and ad-hoc reports, and dashboards.

• Develops and manages comprehensive information management systems; designs and/or leads in